BUA Group Chairman, Abdul-Samad Rabiu has committed to maintaining the price of cement at N3,500 starting from January 2024.
Gatekeepers News reports that he spoke to State House Correspondents after visiting President Bola Tinubu on Thursday, in Lagos.
Also, he assured that the company is committed to making the product accessible and affordable for customers despite encountering several challenges.
“You know the price that we have set will be N3,500 per bag. You know x factory of course plus VAT and then delivered to customers depending on the region.
“As you know, the factory that we have; is in Edo, and the other one is in Sokoto state. So for example, if you want us to deliver cement to you from Sokoto say to Lagos from Adamawa or to Maiduguri, the distance is quite far.
“So dependent on the distance and dependent on the location. You know the price changes but we intend to keep that promise,” he said.
Rabiu also mentioned that the cement company site in Sokoto, set to be inaugurated in January 2024, is anticipated to broaden the market nationwide.
“And as we all know, the volumes that we will be having will be about six million tonnes per annum combined. And we expect those volumes to have an impact.
“Though we’re having some issues here and there, these are issues that I believe we can address and we are addressing them,” he outlined.